Financial Aid at UMTC
Financial Aid Amount Received
$11,363 (31.22% of tuition)
Percent of Financial Aid Received
51% of 39,248 students
19,909 undergraduate students (51% of all students) have received grants, scholarships, and/or federal student loans at University of Minnesota-Twin Cities. The percentage of students who received financial aid average compared to Public, 4-Years Colleges in Minnesota.
Compared to similar schools in rankings such as North Carolina State University at Raleigh and Purdue University-Main Campus, the percentage of students who received financial aid is lower (the average of the schools is 65.90%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $11,363 and the average loan amount is $6,251. The average financial aid amount is 31.22% of tuition & fees based on out-of-state rate (tuition & fees: $36,402).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 19,909 | 51% | $226,222,104 | $11,363 |
| Pell Grants | 6,621 | 17% | $36,074,381 | $5,448 |
| Federal Students Loans | 11,406 | 29% | $71,302,560 | $6,251 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 4,183 students have received one or more types of financial aid at University of Minnesota-Twin Cities.
The average amount of federal, state, local or institutional grant aid is $11,807 and the average amount of student loans awarded to full-time first-time undergraduate students is $10,378.
The following table shows the financial data by type of aid at University of Minnesota-Twin Cities.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 5,173 | 77% | - | - |
| Grant or scholarship aid | 4,183 | 62% | $49,387,244 | $11,807 |
| Federal Grants | 1,479 | 22% | $9,407,352 | $6,361 |
| Pell Grants | 1,474 | 22% | $8,600,202 | $5,835 |
| Other Federal Grants | 1,336 | 20% | $807,150 | $604 |
| State/Local Grants | 2,041 | 30% | $13,990,263 | $6,855 |
| Institutional Grants | 4,068 | 61% | $25,989,629 | $6,389 |
| Student Loans | 2,791 | 42% | $28,964,416 | $10,378 |
| Federal Student Loans | 2,696 | 40% | $14,216,168 | $5,273 |
| Other Student Loans | 928 | 14% | $14,748,248 | $15,893 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at University of Minnesota-Twin Cities.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $32,938,000 | $11,874 |
| 0 - $30,000 | 424 | 424 | $9,222,481 | $21,751 |
| $30,001 - $48,000 | 361 | 361 | $7,717,665 | $21,379 |
| $48,001 - $75,000 | 474 | 474 | $8,604,142 | $18,152 |
| $75,001 - $110,000 | 433 | 432 | $4,807,910 | $11,104 |
| $110,001 - more | 1,082 | 542 | $2,585,802 | $2,390 |
Paid Tuition Rates by Residency
At University of Minnesota-Twin Cities, for the first-time/full-time students, 4,589 students have paid in-state rate of tuition and 2,116 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 4,589 |
| Out-of-State Rate | 2,116 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At University of Minnesota-Twin Cities, 2,312 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 227 students live off-campus. In addition, 584 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 2,312 |
| Living Off-Campus | 227 |
| Living with Family | 584 |
| Un-known | 123 |